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Best Coinbase Promo Code · Coinbase Discounts & HistoryCoinbase is a digital currency broker exchange where you can buy and trade Bitcoin and a few other cryptos. It is different from traditional cryptocurrency exchanges because it allows you to buy crypto using fiat currencies. Coinbase is considered one of the biggest crypto-broker exchanges in the world!

They hold over $20 billion in assets and over $50 billion in crypto has been traded using its platform since it was founded in San Francisco, California in 2012. Coinbase actually has two core products; a broker exchange and a professional trading platform named GDAX. However, the two can be used independently from one another. Coinbase Pro allows users to track digital assets in more detail. It offers an intuitive platform with real-time orderbooks, charting tools and a simple order process for trading. Orders have direct access to Coinbase Markets, Coinbase's single source of liquidity. Also, a Websocket feed lets users gain access to real-time market data and Coinbase's trading API lets users develop secure trading bots. On top of that, digital assets held in online storage are insured. All USD balances are covered by FDIC insurance, up to a maximum of $250,000 per customer. This insurance is similar to what some other financial institutions provide.

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Features of Coinbase

Let's quickly run down some of the main features of the crypto exchange platform in question.

It Only Offers Trusted Cryptos

Coinbase is often used as an entry point into the crypto market. Through it, you can purchase Bitcoin, Litecoin, Ether and Bitcoin Cash. These four digital currencies are the only ones you can buy from Coinbase.

This is because Coinbase will only offer coins that are guaranteed currencies or commodities, and it does not open up to tokens that could potentially be securities or equities. It is very rare that they add new coins.

This is another reason why Coinbase is considered a trusted and secure platform.

Easy-to-Use Interface

Coinbase has a really easy-to-use interface that makes it a great tool for those just beginning in the crypto industry. Its clean design makes it easy to navigate and the tools you need are right at your fingertips.

It Accepts Fiat

Unlike traditional cryptocurrency exchanges, Coinbase accepts a variety of fiat in exchange for the four digital currencies that it offers. The currencies it accepts are EUR, GBP and USD.

On top of that, Coinbase also offers a good variety of payment methods to help their customers get their fiat money onto the platform to buy crypto. These include bank transfer, debit/credit cards, PayPal and even SEPA transfers for European citizens.

Instant Exchange

For those who would like to send money in Bitcoin but would like to transact with fiat, Coinbase has a feature called 'Instant Exchange.' Instead of just using fiat to buy Bitcoin and then send it to your receiver, you can use this feature to make the process one seamless, instant action.

You simply pay with fiat and the payment will convert to Bitcoin.

There are no extra fees for this service and that's another positive aspect this Coinbase review takes into account!

The Shift Card

If you're looking to spend the Bitcoin in your Coinbase wallet, you can easily do that with the Shift Card. Considered the Coinbase debit card, it's actually a Visa debit card that allows U.S. users in select states to spend Bitcoin from their Coinbase wallet.

It works as simply as any other Visa. When you transact with the card, the equivalent value of Bitcoin will be debited from your online wallet. Unfortunately, the card isn't yet available in all the states Coinbase operates in or any other country outside of the U.S.

Upgrade to GDAX for Free

If you are a frequent buyer and seller of crypto and are interested in trading, you can easily transfer to Coinbase's sister platform GDAX (or Coinbase Pro).

Through GDAX, you can trade between cryptos. In fact, on GDAX, you will be able to find a bigger selection of cryptos to trade between.

However, the Coinbase policy on securities and equities still stand. GDAX only deals with coins deemed as virtual currencies.

Your Money is Secure

While it is never 100% safe to your money on any online exchange, Coinbase is one of the safest web wallets you can use.

Coinbase keeps almost 99% of their assets in an offline cold storage that can't be accessed - when in cold storage, they cannot be hacked!

Only 1% of assets on the platform are available online in the hot wallet system and these assets are insured in the event of any losses. That way, if your money was to ever be stolen from Coinbase, you would get it back.

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